Video: AICPA Rules and Standards Summary

This lesson provides a summary of the AICPA rules and standards that CPAs must adhere to, highlighting important aspects that have already been covered. It emphasizes who is subject to these rules, dividing them into three main categories: public practice, members in business, and retired or unemployed CPAs. The lesson discusses the acts discreditable rule applicable to all categories, as well as the differences between CPAs working as auditors and those working as accountants for companies. It covers matters of independence, integrity, objectivity, general standards, client confidentiality, contingency fee rules, and advertising restrictions. The lesson also touches on commissions and referral fees in the context of maintaining professional ethics.